Why Obama’s tax cut plan is a crock

His claim is he’s going to cut taxes for 95% of American families ... unless he’s going to smilingly stack another trillion plus in debt on to the 5 trillion "official" debt ... you that corporations are tax collectors not tax payers? Who would pay those corporate taxes? 100 [more...]

Date: 2008-09-19 06:05:07

Blog posts (170) | Videos (9)
 

What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

Restorative Resolutions for 2009 and Beyond

With a campaign tag line, CHANGE WE NEED, President-Elect Barack Obama and a large portion of the American population should have some rather ... in a large part by our debt-based, growth-on-an-infinite-planet obsessed approach to capitalism? Or do we just try to refinance our house one more time, to take advantage of the latest Red Tag Sale? Here’ [more...]

Date: 2008-12-31 15:44:41

What are the Issues Around Torture?

We were shooting this topic around at work today.  I think there are two separate issues here ... : Torture is a violation of international and American law. It would seem that we (in the person ... toward the national debt. Bush, Cheney, Rice and buddies have to be careful when traveling abroad [more...]

Date: 2009-01-15 05:21:16

THE LOST ART OF SAVING

I am old enough to remember when there was not a single credit card in all of America. You don't believe me? I'm not surprised ... debt on all levels. The first credit cards went into general use with the American Express card ... . With your government frantically doing everything possible to persuade you to go deeper in debt [more...]

Date: 2008-12-01 15:10:31

Michael Vick To Be Released Soon - So Should He Be Allowed To Play In The NFL Again?

He’s been in federal prison for the past 13 months for his well publicised and hideous crime of dog fighting ... just like any other criminal: NORFOLK, Virginia (AFP) — An attorney for former American football star ... of such a horrid thing? Yes, he should. It’s called “paying your debt to society”. And hoo, boy, he just paid [more...]

Date: 2008-12-22 14:04:41

How Credit Repair Services Can Help You Be Debt Free

a credit repair business Unfortunately, the world is set up to encourage borrowing ... techniques, end collector calls and teach people how to reduce debt. Debt consolidation credit ... loan, you’ll need an unsecured credit card and a lender to get by. Americans with credit scores [more...]

Date: 2008-12-15 21:41:26

Nine Reasons This Recession Is Welcome

Recessions are lousy - as Americans have learned about 10 times over the last 50 years. But they’re also necessary ... debt, that coagulates like gunk in a pipe. A good recession flushes it out. It also washes away things ... - recessions - help refresh the economy and keep it healthy. There will be plenty of pain in 2009 [more...]

Date: 2008-12-28 07:45:11

Bretton Woods II - let’s remember the last time

Click here to view the embedded video. In last month’s New Atlantic, James Fallows had a fascinating interview with Gao Xiqing, ... s new banking overlords - thinks Americans need to learn some humility and fast. “The simple truth ... up holding so much Western debt. Gao’s comments on the dollar are somewhat contradictory (and reflect [more...]

Date: 2009-01-11 19:46:43

White House Considering “Orderly Bankruptcy” for U.S. Automakers

From AP: President George W. Bush answers a question during a meeting of the American Enterprise Institute, a conservative think tank, ... is the best way to work through credit and debt and restructuring,” Bush said of the U.S. auto industry at AEI. “These aren’t normal circumstances. That’s the problem.” From White House Press [more...]

Date: 2008-12-18 20:34:33

Wall Street’s Collapse and the Ownership Society

The Worker-Capitalist Con By PAM MARTENS Counterpunch 12/31/08 On February 24, 2005, ... , surrounded by children waving little American flags. It had the feel of a Macy’s holiday window designed ... generation owns the bailout debt. This scheme makes Ponzi artist Bernie Madofflook like a piker [more...]

Date: 2009-01-01 23:40:48

“The U.S. Just Isn't Going Anywhere Good”

With all the death and destruction in Palestine, it’s sometimes easy to forget that the North American economy is going down the toilet ... , if you invest in $300 billion worth of toxic debt, that’s the United States government’s problem.And [more...]

Date: 2009-01-15 00:38:00

Obama Would Like All People Out of Credit-Card Debt – Legally Erase 50-60% of Your Past Due Debts

Are you plagued by your financial troubles? If so, how would you like to have your debt legally erased? You can! Little-known tactics along with consumer protection laws have enabled many Americans, just like you, to erase past due balances. The end result is a decrease in stress and an elimination of those past due balance letters from creditors.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment [more...]

Date: 2009-09-25 06:01:12

The Uniter

One of the most famous Bush quotes during his run for the White House went “I am a uniter, not a divider.” Eight years later, a $10 trillion debt, an economic collapse and trapped in a war America entered under the premise of “bad intelligence,” Americans are groaning for new leadership and are pretty [more...]

Date: 2009-01-15 22:24:19

An End to the Good Times?

Egads. Even the New York Times isn’t sure that the good times of endless government spending can go on forever ... relentlessly, as if gravity, arithmetic and the tyranny of debt had been defanged by financial engineering. Armed with credit cards and belief in a bountiful future, Americans brought home ceaseless [more...]

Date: 2008-12-29 22:10:40

Weekend Reading: Fantasy Baseball

About six months ago I entered into a Fantasy Baseball League with a group of personal finance bloggers ... England and in Kevin’s home town of Cincinnati, to help them raise money and awareness. American Cancer ... Do to Prepare for An Emergency Top 5 Paths to a Million Dollars Finance 101: Good Debt vs. Bad Debt [more...]

Date: 2008-10-05 14:13:20

Just Taxation

In the current American elections, John McCain’s last-gasp attempt at gaining the support of a majority of American voters revolves around trying to ... to balance the federal budget, or at least prevent a runaway debt that would ultimately destroy [more...]

Date: 2008-10-30 19:05:29

Financial gain will occur again in the USA

Finally there appears at some point there will be the chance that this economic downfall may fade into history. Untold numbers of American households have been left deserted by what has occurred and left holding a burden of credit card debt. The best resolution people have been utilizing is a plan called debt settlement . This process emphasizes saving tons of money and time on the road to debt freedom. [more...]

Date: 2009-08-08 07:16:18

Obama Want You Out of Credit Card Debt – Legally Erase 50-66% of Your Debts Now!

How would it feel to have your debt legally erased? There are little-known tactics and consumer protection laws that have enabled many Americans to erase their past due balances without having to worry about another demand letter from their creditors. [more...]

Date: 2009-09-20 06:02:31

American Arbitration Association deceives again.

The American Arbitration Association while talking to Congress about the abuse of mandatory binding arbitration claims they are leaving the debt collection industry. Sort of. According to creditcards.com : That group's senior vice president, Richard Naimark, testified Wednesday before a congressional subcommittee that is examining the controversy . [more...]

Date: 2009-07-24 14:31:00

Dems: New Credit Card Regs Are No Substitute for Legislation

After months of proposals, arguments, hearings and public comments, ... sooner to protect American consumers by giving credit card protections the permanence and force of law ... card practices that mire families in debt. Legislation is needed to stop abuses such as charging [more...]

Date: 2008-12-18 21:12:36

Borrowers Beware: Stricter Loan Requirements in 2009

Ah, credit. The nation’s widespread adoption of it has allowed several generations of Americans to spend beyond their means, ... pay more for it. You’ll also need to keep an eye on your overall debt ratio if you’re in the market ... debt ratio at or below 45 percent of their pre-tax income. If you plan to apply for an FHA loan [more...]

Date: 2009-01-13 13:27:55

A Reversal of Fortune

Over the past 30 years, there has been a significant redirection of global capital flows ... . China now holds over 10% of the US dollar denominated debt, a little more than a trillion dollars ... , to finance their heavy spending. The problem, he said, was not that Americans spend too much [more...]

Date: 2008-12-27 23:09:13

Andy Funk: Entrepreneur Turned Socially Conscious Venture Capitalist

The story of Andy Funk left me impressed, amazed, envious and motivated. I think it will do the same for you ... Gruppe, the largest privately-held and non-American owned insurance brokerage company in Europe ... these cards back,” he commented. By 21, Funk faced almost $250,000 of debt. “I was building my business [more...]

Date: 2008-12-10 11:39:17

Drudge Report: Downfall & Breakup of America

American and European think-tanks and media experts have time and again speculated about the breakup of India and Pakistan ... debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998 ... for the U.S. economy, initially made at an international conference in Australia 10 years ago at a time [more...]

Date: 2008-11-26 21:00:31

10 Life and Money Lessons Learned from Immigrant Parents

By Vincent Scordo My parents were both born in Southern Italy where unemployment is high and quality of life is superb. My mother, Annunziata, made it to the 7th grade and my father, Tommaso, has the equivalent of a technical high school diploma. Both of my parents immigrated to the US in 1975 and are currently debt free, own their own two-family home, and have plenty of cash in savings. They are, in many ways, leading the American dream – by not adopting the principles of American consumerism. [more...]

Date: 2009-09-21 14:00:04

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... down. Only about a third of U.S. mortgage debt outstanding is likely to qualify for refinancing ... or Freddie Mac in the highest-cost areas. “The refinance boom is mostly impacting the people who need help [more...]

Date: 2009-01-16 00:46:03

Back To the Future

Back To the Future Jennifer Rubin - 12.26.2008 - 9:28 AM Joe Biden blithely declared that there will be no earmarks in the stimulus package ... collection of parochial spending projects in American history. Strolling through the 800 pages ... industries, creating make-work projects of dubious value and piling up a mound of debt. It sounds [more...]

Date: 2008-12-26 14:28:30

Radiohead to Tour With Kraftwerk + More

Radiohead to Tour With Kraftwerk + MoreRadiohead will be hitting the road with Kraftwerk as their supporting act for a handful of Latin American tour dates in March. Jon Bon Jovi is set to perform at a fundraiser to help diminish Hillary Clinton's presidential campaign debt. The concert will take place in New York City on January 15, and ticket [more...]

Date: 2009-01-05 11:00:00

Economic Crisis Affecting Credit Card Payments

Last week, Standard and Poor's released a new survey that provides a statistical glance at how American households are doing during the current ... who carry a balance, 22% have between $5,000 and $20,000 in credit card debt. 3% have more than $40,000 ... with their secondary card. "This shows that many cardholders have a high debt utilization ratio, [more...]

Date: 2008-10-21 22:20:27

Odebrecht in Ecuador: “The Risks of Privatized Diplomacy”

The Great Smoking Hole of December 2006, at the future Pinheiros Station, Yellow Line, São Paulo subway ... review of foreign debt bequeathed by past administrations, is reluctant to repay the BNDES loan ... diplomacy in the service of private business interests. To an expatriated American accustomed [more...]

Date: 2008-11-26 16:23:07

How Alexander Hamilton, the father of American Rotarian Socialism, gave birth to the present economic crisis

Dr. Thomas J. DiLorenzo writing at the Ludwig von Mises Institute: ... public debt, even though his political descendants, the Whig Party of Henry Clay, popularized ... mercantilist state, such as Sir James Steuart. Hamilton championed the cause of a large public debt — [more...]

Date: 2008-10-22 12:14:49

Trial lawyers deep in debt?

Break out your best lawyer jokes today, because according to the Washington Times , the litigators don’t have any money to fight back.  As Republicans ramp up pressure on Democrats and the White House to include comprehensive tort reform in any overhaul of the American health-care system, one could expect the trial lawyers to respond with threats of donation boycotts or funding of opponents in next year’s midterms.  However, the American Association of Justice — the lobbying group for litigators [more...]

Date: 2009-09-28 13:01:20

Trial lawyers deep in debt?

Break out your best lawyer jokes today, because according to the Washington Times, the litigators don’t have any money to fight back.  As Republicans ramp up pressure on Democrats and the White House to include comprehensive tort reform in any overhaul of the American health-care system, one could expect the trial lawyers to respond with threats of donation boycotts or funding of opponents in next year’s midterms.  However, the American Association of Justice — the lobbying group for litigators [more...]

Date: 2009-09-28 12:48:45

Trial lawyers have money problems

Washington Times: The trial lawyers lobby has been awash in debt and bleeding members - just as it embarks on a national campaign to block any clampdown on medical malpractice lawsuits as part of President Obama's health care overhaul. The American Association for Justice, the most prominent group representing plaintiffs' attorneys, has seen a shake-up in its executive suite and has struggled to deal with what appears to be a mounting budget shortfall. [more...]

Date: 2009-09-28 16:48:00

American Opportunity Tax Credit

As a general rule, I typically oppose almost all federal government spending on anything other than the responsibilities expressly outlined in our Constitution. I believe that such expenditures result in waste, corruption, debt and a limiting of the right to “life, liberty and the pursuit of happiness”. Much of government sponsored financial aid has really only served to drive up the price of a college education and increase the amount of our national debt. [more...]

Date: 2009-09-23 11:00:09

The Collapse of Personal Savings Rate in America

This year’s dramatic shift in the economy found many Americans without a ‘rainy day’ fund.  Millions of Americans lost their jobs and saw their 401(k) wiped out.  It is unsurprising then to see that the trend of personal savings rate has been on a fast-pace decline since the mid 1980’s, reaching decade-low levels in recent years.   The following graphic shows the trend of personal savings rate per month from 1959 to 2009, along with an alarmingly opposing trend of rising consumer debt. [more...]

Date: 2009-09-29 15:15:49

Breaking the Bank News: Millions of Fraudulent Mortgages

by Moe Bedard on September 23, 2009 · 0 commentsin American Nightmare Like all of us, I was sorry to learn that Lies of Our Times could not be sustained. It’s a real loss, and another signal that we have our work cut out for us in times that are in many ways ominous, but that also offer a good deal of hope. – Noam ChomskyThe headlines say it all, Honorable Judges of Kansas: “MERS had no right to the underlying debt repayment secured by the mortgage”. [more...]

Date: 2009-09-23 22:30:25

The New Kleptocracy: Biggest “Giveaway” in American History

“Considering that there is an $800 billion giveaway, to be followed by another trillion and another trillion after that, ... :  a Debt Write Down and Jubilee Year Clean Slate.       BF:  Dr. Michael Hudson, welcome again.   Michael [more...]

Date: 2008-11-03 13:29:43

Insider Tips About The Chapter 13 Bankruptcy Forms

consumer law Chapter 13 bankruptcy forms are available to Americans in need to offer a second chance. You may berate yourself and wonder how you got into such a predicament, but the truth is that over one million people ended up filing bankruptcy forms in 2008 and the numbers are climbing in 2009. No matter what your case may be, you don’t have to suffer wage garnishment, foreclosure, repossession, insurmountable debts or harassing creditors and collection callers. [more...]

Date: 2009-09-08 17:54:32

Protect Insurance Companies PSA

Will Ferrell, Jon Hamm and a few other Hollywood celebrities got together and put together this PSA explaining why it’s important for Americans to protect the big insurance companies.   These Guys Are Some Rich Dicks New Credit Card Laws Dow Joes - He'll Put You In Debt Online Q&A With Will Ferrell Will Ferrell Fights With A Bat Padded Light Posts - Protecting Bodies Not Smart Enough To Protect Themselves [more...]

Date: 2009-09-22 16:00:09

Government debt — who will pay?

“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]

Date: 2009-09-24 04:57:10

Goldman Sachs’s Dirty Little Secret

Last week the American News Project put a human face on the economic crisis with a moving video report about a woman named Jocelyn Voltaire facing ... . In other words, they are a type of collection agency dealing with those in the most vulnerable ... , misleading and evasive practices” in violation of the Fair Debt Collection Practices Act (case [more...]

Date: 2008-10-21 13:25:44

Consumers' New Found Embrace of Savings Will Make for a Nasty Downturn

The blow to many Americans' net worth via diminished home values and shrunken retirement accounts has lead to a new found insecurity and ... by credit card companies, banks, and auto lenders getting more stringent and, where applicable, cutting ... are not particularly keen to extend credit to them. We have long warned that America's debt-fueled [more...]

Date: 2008-10-21 04:06:27

Evening Buzz

Permalink | Comments (0) | TrackBacks (0) America's Inauguration: A Retrospective--Thomas Jefferson: Americans "Enlightened by a Benign Religion" ... Government, which shall restrain men from injuring one another, shall leave them otherwise free ... , when national administrations of both parties are planning to add trillions to the national debt [more...]

Date: 2009-01-15 21:04:04

Economic Turmoil Causing Credit Card Changes

The economy's roller coaster ride has left most Americans wondering how the recent events will affect their personal financial situation ... , CEO of LowCards.com and author of The CreditCard Guidebook. "Lenders are now focused on limiting ... against cardholders who have taken on too much debt and have increased the risk of defaulting [more...]

Date: 2008-10-02 20:27:18

Real Change: Thrift and Prudence

We Americans have come a long way from the Great Depression — not that we have learned from it. The Federal Reserve and U.S ... losses, business failures, mortgage foreclosures, inability to keep up with debt payments and other ... are floating on a sea of debt. America’s personal debt, excluding mortgages, is approaching $1 trillion [more...]

Date: 2009-01-15 12:17:53

Credit Card Snowball Effect and How to beat it

by Philip Crafton Americans have on average three credit cards per household carrying a combined balance of nearly 12, ... . By now, you know that this will never alleviate your credit card pain. Debt elimination probably feels like an unattainable ... credit card debt. This is what conventional wisdom says is the best debt elimination practice: List [more...]

Date: 2009-01-09 08:59:11

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

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